CenterState Bank Corporation (CSFL) financial statements (2020 and earlier)

Company profile

Business Address 1101 FIRST ST. S.
WINTER HAVEN, FL 33880
State of Incorp. FL
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments495369287188155162175
Cash and cash equivalents490367281176152158175
Short-term investments5271223 
Disposal group, including discontinued operation     4 
Total current assets:495369287188155166175
Noncurrent Assets
Operating lease, right-of-use asset32
Property, plant and equipment2972271421151029997
Intangible assets, net (including goodwill)1,300872282122909251
Goodwill1,204803258106777745
Intangible assets, net (excluding goodwill)9669251613156
Total noncurrent assets:1,6291,100424237192191148
Other undisclosed assets15,01810,8696,4124,6533,6773,4202,093
TOTAL ASSETS:17,14212,3387,1245,0794,0233,7772,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt254419227285227 
Total current liabilities:254419227285227 
Noncurrent Liabilities
Other undisclosed liabilities13,9919,9475,9924,4983,4803,2972,142
Total liabilities:14,24510,3666,2194,5263,5323,3242,142
Stockholders' equity
Stockholders' equity attributable to parent2,8971,971905552491452273
Common stock1110000
Additional paid in capital2,4071,699738430393389230
Accumulated other comprehensive income (loss)22(22)(7)(9)14(4)
Retained earnings466294173130955948
Total stockholders' equity:2,8971,971905552491452273
TOTAL LIABILITIES AND EQUITY:17,14212,3387,1245,0794,0233,7772,416

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues685461268202174150 
Net investment income685461251189162138 
Cost of revenue(11)(8)(5)(5)(1)(1) 
Provision for loan, lease, and other losses(11)(8)
Financial services costs(5)(5)(1)(1) 
Gross profit:675452263197173150 
Operating expenses(88)(66)(150)(136)(107)(109)(71)
Operating income (loss):587387113616741(70)
Nonoperating income86332333
Investment income, nonoperating  (0)00134
Gains (losses) on sales of other real estate     1(3)
Bank owned life insurance income8633221
Interest and debt expense(100)(48)(16)(9)(7)(7)(6)
Income (loss) from continuing operations before equity method investments, income taxes:495345101546237(43)
Other undisclosed income (loss) from continuing operations before income taxes(201)(148)810(0)(17)61
Income from continuing operations before income taxes:29419710964622018
Income tax expense(68)(41)(53)(22)(23)(7)(6)
Net income:2271565642391312
Net loss attributable to noncontrolling interest(1)      
Net income attributable to parent:2251565642391312
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0) 
Net income available to common stockholders, diluted:2251565642391312

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2271565642391312
Other undisclosed comprehensive income45      
Comprehensive income:2711565642391312
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (15)3(10)(3)9(12)
Comprehensive income, net of tax, attributable to parent:270141593237220

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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